Commencing the week, today’s gold market portrays a stable picture with only slight fluctuations in prices. The price of 10 grams of gold maintains its stance around the Rs 59,000 mark across the nation. Concurrently, silver prices experience a modest decline, dropping by Rs 200.
Gold Rates Across Key Cities:
City-wise variations demonstrate consistent trends. In Delhi, 10 grams of 22 carat gold is valued at Rs 54,250, while the 24 carat variant stands at Rs 59,170. Mumbai, Kolkata, Bangalore, Jaipur, and more cities reflect similar trends, showcasing the stability in the current gold market.
Influence of Market Factors:
The price of gold hinges largely on the interplay of supply and demand dynamics. Increased demand often leads to price upticks, while augmented supply tends to drive prices down. Furthermore, global economic conditions play a crucial role. During periods of economic uncertainty, gold often emerges as a safe haven, which consequently drives its price upwards.
